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------------------------------------------------ Which of the following would NOT total more than 50% ownership in T, F, & J Partnership for Ted?

A. Ted 40%, Ted's Wife 5%, Ted's Son 10%, Ted's Brother 45%
B. Ted 40%, Ted's Wife 20%, Ted's Dad's estate 10%, Ted's Brother 30%
C. Ted 40%, Ted's Wife 5%, Ted's Cousin 55%
D. Ted 40%, Ted's Wife 5%, Ted's Son's Corporation 55%

Among the given options, in scenario (c) Ted 40%, Ted's Wife 5%, Ted's Cousin 55%, Ted would have less than 50% ownership in the partnership as his cousin's share doesn't contribute to his total ownership in the partnership.

Explanation:

The question is asking about ownership percentages in a partnership, specifically T, F, & J Partnership. The scenarios presented involve Ted along with his wife, son, brother, dad's estate, and cousin. The scenario that would NOT total more than 50% ownership for Ted is the scenario (c): Ted 40%, Ted's Wife 5%, and Ted's Cousin 55%. In this particular condition, the combination of ownership for Ted, his wife, and his cousin would indeed give Ted a significant percentage, but his cousin's percentage will not contribute to his overall percentage. Therefore, Ted's total ownership remains at 45%, which is less than half of the partnership.

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